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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and Sea Ltd (SE). Click either name above to swap in a different company.
Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $4.9B, roughly 4.7× LPL Financial Holdings Inc.). Sea Ltd runs the higher net margin — 7.0% vs 6.1%, a 0.9% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs 40.4%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% CAGR vs 32.0%).
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
LPLA vs SE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $22.9B |
| Net Profit | $300.7M | $1.6B |
| Gross Margin | — | 44.7% |
| Operating Margin | 8.1% | 8.7% |
| Net Margin | 6.1% | 7.0% |
| Revenue YoY | 40.4% | 363.4% |
| Net Profit YoY | 11.1% | — |
| EPS (diluted) | $3.65 | $2.52 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.9B | $22.9B | ||
| Q3 25 | $4.6B | $6.0B | ||
| Q2 25 | $3.8B | $5.3B | ||
| Q1 25 | $3.7B | $4.8B | ||
| Q4 24 | $3.5B | $5.0B | ||
| Q3 24 | $3.1B | $4.3B | ||
| Q2 24 | $2.9B | $3.8B | ||
| Q1 24 | $2.8B | $3.7B |
| Q4 25 | $300.7M | $1.6B | ||
| Q3 25 | $-29.5M | $375.0M | ||
| Q2 25 | $273.2M | $414.2M | ||
| Q1 25 | $318.6M | $-7.8M | ||
| Q4 24 | $270.7M | — | ||
| Q3 24 | $255.3M | — | ||
| Q2 24 | $243.8M | — | ||
| Q1 24 | $288.8M | $-23.0M |
| Q4 25 | — | 44.7% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 41.6% |
| Q4 25 | 8.1% | 8.7% | ||
| Q3 25 | -0.7% | 8.0% | ||
| Q2 25 | 9.6% | 9.3% | ||
| Q1 25 | 11.4% | 9.4% | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 11.3% | — | ||
| Q1 24 | 13.2% | 1.9% |
| Q4 25 | 6.1% | 7.0% | ||
| Q3 25 | -0.6% | 6.3% | ||
| Q2 25 | 7.1% | 7.9% | ||
| Q1 25 | 8.7% | -0.2% | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 10.2% | -0.6% |
| Q4 25 | $3.65 | $2.52 | ||
| Q3 25 | $-0.37 | $0.59 | ||
| Q2 25 | $3.40 | $0.65 | ||
| Q1 25 | $4.24 | $0.65 | ||
| Q4 24 | $3.58 | — | ||
| Q3 24 | $3.39 | — | ||
| Q2 24 | $3.23 | — | ||
| Q1 24 | $3.83 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $10.6B |
| Total DebtLower is stronger | $7.3B | — |
| Stockholders' EquityBook value | $5.3B | $12.6B |
| Total Assets | $18.5B | $29.4B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $10.6B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | $8.6B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.5B | — | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $5.3B | $12.6B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $2.9B | $8.4B | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $18.5B | $29.4B | ||
| Q3 25 | $18.0B | — | ||
| Q2 25 | $17.5B | — | ||
| Q1 25 | $14.0B | — | ||
| Q4 24 | $13.3B | $22.6B | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $11.5B | — | ||
| Q1 24 | $11.0B | — |
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.77× | — | ||
| Q1 24 | 1.70× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $785.0M | $5.0B |
| Free Cash FlowOCF − Capex | $613.3M | — |
| FCF MarginFCF / Revenue | 12.4% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | 2.61× | 3.12× |
| TTM Free Cash FlowTrailing 4 quarters | $-981.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $785.0M | $5.0B | ||
| Q3 25 | $-1.7B | $3.5B | ||
| Q2 25 | $193.3M | $2.4B | ||
| Q1 25 | $339.8M | $756.9M | ||
| Q4 24 | $-178.8M | — | ||
| Q3 24 | $209.3M | — | ||
| Q2 24 | $-178.9M | — | ||
| Q1 24 | $425.9M | $468.5M |
| Q4 25 | $613.3M | — | ||
| Q3 25 | $-1.9B | — | ||
| Q2 25 | $56.3M | — | ||
| Q1 25 | $220.3M | — | ||
| Q4 24 | $-344.3M | — | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $-307.8M | — | ||
| Q1 24 | $304.9M | — |
| Q4 25 | 12.4% | — | ||
| Q3 25 | -41.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | -9.8% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | -10.5% | — | ||
| Q1 24 | 10.8% | — |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 4.3% | — |
| Q4 25 | 2.61× | 3.12× | ||
| Q3 25 | — | 9.46× | ||
| Q2 25 | 0.71× | 5.73× | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | -0.66× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | -0.73× | — | ||
| Q1 24 | 1.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
